Meet the multi-millionaire #stock trader whose advice might be toxic for your portfolio: http://bit.ly/1o5tsUK #stocks #investingFrom the article:"There’s much to like about Gorelick’s story. For one thing, he’s taking control of his financial destiny at a time when the music business is struggling with new distribution mechanisms. According to data from the Recording Industry Association of America, streaming music from the likes of Spotify and Pandora Media (NYSE: P) accounted for 21% of industry revenue last year. At the same time, CD and download sales declined 13% and 15%, respectively, according to Nielsen SoundScan."Most people in the music business don’t make as much money as we used to," Gorelick told Reuters. He counts himself among that group despite releasing a top 10-selling jazz album just four years ago. Trading supplements income he might have earned on tour or in the studio 20 years ago …"Read on! http://bit.ly/1o5tsUKTo learn how to invest better, please visit +The Motley Fool at http://www.fool.com. To fund about more about Tim and his work, visit The Social Writer at http://timbeyers.me.http://click-to-read-mo.re/p/9X24/532ae9e2

Meet the multi-millionaire #stock trader whose advice might be toxic for your portfolio: http://bit.ly/1o5tsUK #stocks #investing

From the article:

"There’s much to like about Gorelick’s story. For one thing, he’s taking control of his financial destiny at a time when the music business is struggling with new distribution mechanisms. According to data from the Recording Industry Association of America, streaming music from the likes of Spotify and Pandora Media (NYSE: P) accounted for 21% of industry revenue last year. At the same time, CD and download sales declined 13% and 15%, respectively, according to Nielsen SoundScan.

"Most people in the music business don’t make as much money as we used to," Gorelick told Reuters. He counts himself among that group despite releasing a top 10-selling jazz album just four years ago. Trading supplements income he might have earned on tour or in the studio 20 years ago …"

Read on! http://bit.ly/1o5tsUK

To learn how to invest better, please visit +The Motley Fool at http://www.fool.com. To fund about more about Tim and his work, visit The Social Writer at http://timbeyers.me.

http://click-to-read-mo.re/p/9X24/532ae9e2

Does making a case for a stock always equal cheerleading? One reader thinks so:

I understand that The Motley Fool may have an incentive to published biased articles such as this one that does not look at all of the facts of a situation and comes out as a cheerleader for a particular stock.

Taking a stand on a stock can be informative if you score yourself, which is exactly what we do at TMF. My “score" (i.e., the record of my best and worst calls) is available for all to see at Motley Fool CAPS.

Granted, CAPS doesn’t mirror my real-money results. But anyone who wants to can also see the entirety of my cash portfolio by clicking here. I also post the results of a real-money portfolio each week.

Cheerleading (or bashing) is what you get when an anonymous, unaccountable writer goes off on a stock and then disappears. That’s not me. I’m not going anywhere.

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Each week I report the results of the Big Idea Portfolio, a real-money port that I can’t change for three years. So far I’m winning against the market but a sharp drop in shares of Rackspace Hosting hurt last week.

Want to know more about my picks or process? Tweet me a reply or navigate to the toolbar above to ask me anything. I’m happy to oblige.

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